About This Property
The Burchwood Lease Purchase Project offers 18 low-income units in Berea, Kentucky, serving families in Madison County. Placed in service in 1999, the property consists of 20 three-bedroom units and utilizes 4% Low-Income Housing Tax Credits (LIHTC) to support affordability.
Waitlist Information
Waitlist managed by Housing Authority of Berea
The Housing Authority of Berea is currently accepting pre-applications for families and senior/disabled households for its 60-unit public housing community, offering studios to 4-bedroom units. Preferences were not identified.
The Section 8 waiting list for the Housing Authority of Berea is currently closed.
Waitlist data provided by section8waitlist.org
Updated May 28, 2026
Property Details
Fair Market Rent - Madison County, KY
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $750 |
| 1 Bedroom | $794 |
| 2 Bedroom | $914 |
| 3 Bedroom | $1,288 |
| 4 Bedroom | $1,301 |
Income Limits - Madison County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,050
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,750
- Low (80%)
- $42,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,100
- Low (80%)
- $48,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,400
- Low (80%)
- $53,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,750
- Low (80%)
- $62,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,450
- Low (80%)
- $66,300
- Extremely Low (30%)
- $44,100
- Very Low (50%)
- $44,100
- Low (80%)
- $70,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,050 | $23,400 | $37,450 |
| 2 Persons | $17,420 | $26,750 | $42,800 |
| 3 Persons | $21,960 | $30,100 | $48,150 |
| 4 Persons | $26,500 | $33,400 | $53,450 |
| 5 Persons | $31,040 | $36,100 | $57,750 |
| 6 Persons | $35,580 | $38,750 | $62,050 |
| 7 Persons | $40,120 | $41,450 | $66,300 |
| 8 Persons | $44,100 | $44,100 | $70,600 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Berea, KY?+
The Fair Market Rent (FMR) for Madison County, KY is: $750 (Studio), $794 (1BR), $914 (2BR), $1288 (3BR), $1301 (4BR). Actual rent at subsidized properties like Burchwood Lease Purchase Project is typically 30% of household income or less.
What size apartments are available at Burchwood Lease Purchase Project?+
Burchwood Lease Purchase Project offers the following unit types: 20 Three-Bedroom units, for a total of 18 units.
Who manages Burchwood Lease Purchase Project?+
Burchwood Lease Purchase Project is managed by . You can reach them at .
How do I apply for housing at Burchwood Lease Purchase Project?+
Burchwood Lease Purchase Project is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Is there a waitlist for Burchwood Lease Purchase Project?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Madison County, KY?+
For a 4-person household in Madison County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,400, Low Income (80% AMI): $53,450. These limits are set by HUD and updated annually.
What is the price range for apartments in Berea, KY?+
Based on Fair Market Rent for Madison County, the estimated price range is: 3-bedroom: $1288. Actual rent at Burchwood Lease Purchase Project may be lower for income-eligible households.
Who is eligible to live at Burchwood Lease Purchase Project?+
Burchwood Lease Purchase Project primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Burchwood Lease Purchase Project
Housing Authority of Berea
Berea, KY
60 Units
Clay Fee Homes
Berea, KY
2 UnitsSilver Creek Place
Berea, KY
24 UnitsSugar Mill Hope Vi Apartments
Lexington, KY
61 UnitsSugar Mill Hope Vi Apartments
Lexington, KY
61 UnitsBerea Single Family Homes
Berea, KY
24 Units